Daniel Alpert
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Daniel Alpert is an American
investment banker Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by unde ...
, adjunct professor at
Cornell Law School Cornell Law School is the law school of Cornell University, a private university, private, Ivy League university in Ithaca, New York. One of the five Ivy League law schools, Cornell Law School offers four degree programs (Juris Doctor, JD, Maste ...
, commentator, and author. He is a co-creator of the United States Private Sector Job Quality Index, an economic metric that measures of higher wage versus lower wage
private sector The private sector is the part of the economy which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workfo ...
jobs, and the author of ''The Age of Oversupply: Confronting the Greatest Challenge to the Global Economy''. Alpert is a founding partner of Westwood Capital LLC, an investment firm based in New York, and an adviser to the Coalition for a Prosperous America. Alpert is a member of the World Economic Roundtable.


Biography

Alpert received a
Bachelor of Arts A Bachelor of Arts (abbreviated B.A., BA, A.B. or AB; from the Latin ', ', or ') is the holder of a bachelor's degree awarded for an undergraduate program in the liberal arts, or, in some cases, other disciplines. A Bachelor of Arts deg ...
degree in
public policy Public policy is an institutionalized proposal or a Group decision-making, decided set of elements like laws, regulations, guidelines, and actions to Problem solving, solve or address relevant and problematic social issues, guided by a conceptio ...
from the
University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...
, and started working in commercial real estate banking and finance in 1982. He was a banker and partner at Oppenheimer & Co., Inc., before founding a New York-based investment firm, Westwood Capital, in 1995. During that time, Alpert worked on international merchant banking, bankruptcy-related restructuring transactions, commercial mortgage backed securities (CMBS) and mortgage
REIT A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...
s. In 2010, Alpert was a featured commentator on the story of the
2008 financial crisis The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...
in the documentary film ''
Inside Job An inside job is a crime committed by a person in a position of trust, or with the help of someone either employed by the victim or entrusted with access to the victim's affairs or premises. Inside Job may also refer to: Books * ''Inside J ...
''. In January 2012, he was announced as a fellow of
The Century Foundation The Century Foundation (established first as The Cooperative League and then the Twentieth Century Fund) is a progressive think tank headquartered in New York City with an office in Washington, D.C. It was founded as a nonprofit public policy r ...
. In February 2018, Cornell Law School announced that Alpert would be a senior fellow in financial macroeconomics and an adjunct professor of law within the Clarke Program. He was also named to the advisory board of the Cornell Research Academy of Development, Law and Economics (CRADLE).


Authorship

Following the
2008 financial crisis The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...
, Alpert became a cited author on economic policy and the
credit bubble Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt) ...
. He started writing for ''
Business Insider ''Business Insider'' (stylized in all caps: BUSINESS INSIDER; known from 2021 to 2023 as INSIDER) is a New York City–based multinational financial and business news website founded in 2007. Since 2015, a majority stake in ''Business Inside ...
'' in 2011. That same year, Alpert conceived of, and co-authored along with
Nouriel Roubini Nouriel Roubini (; born March 29, 1958) is a Turkish-born Iranian-American economic consultant, economist, speaker and writer. He is a professor emeritus since 2021 at the Stern School of Business of New York University. Roubini earned a BA in p ...
,
New York University New York University (NYU) is a private university, private research university in New York City, New York, United States. Chartered in 1831 by the New York State Legislature, NYU was founded in 1832 by Albert Gallatin as a Nondenominational ...
Professor of Economics, and Robert Hockett, a Professor of Financial Law at
Cornell University Cornell University is a Private university, private Ivy League research university based in Ithaca, New York, United States. The university was co-founded by American philanthropist Ezra Cornell and historian and educator Andrew Dickson W ...
, a widely cited and debated
white paper A white paper is a report or guide that informs readers concisely about a complex issue and presents the issuing body's philosophy on the matter. It is meant to help readers understand an issue, solve a problem, or make a decision. Since the 199 ...
on behalf of the New America Foundation entitled ''The Way Forward'' that has been credited on most sides of the macroeconomic debate with providing a clear and concise explanation of the issues that led to the
2008 financial crisis The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...
. In 2013, he released ''The Age of Oversupply: Confronting the Greatest Challenge to the Global Economy'' on the effect of macroeconomic imbalances on advanced economies. In 2016, he published the white paper ''GLUT: The U.S. Economy and the American Worker in the Age of Oversupply'' on the connection between global imbalances and United States employment, and co-authored ''The Debt Goes On: A Post-Crisis 'Progress' Report'' at Cornell. Alpert was a co-author of the U.S. Private Sector Job Quality Index in 2019.


Selected publications

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References

{{DEFAULTSORT:Alpert, Daniel Living people Year of birth missing (living people) Businesspeople from New York City